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* ], liabilities with a future benefit over two months | * ], liabilities with a future benefit over two months | ||
==Other |
==Other uses== | ||
*"]", 2017 song by Lorde | *"]", 2017 song by Lorde |
Revision as of 11:28, 31 July 2017
A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something someone is responsible for, or something that increases the chance of something occurring (i.e., it is a cause).
Liability may also refer in specific fields to:
Law
- Legal liability, the legal bound obligation to pay debts
- Public liability, part of the law of tort which focuses on civil wrongs
- Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.
- professional liability for one´s professional acts, bit in health care or sales, as in professional liability insurance
Finance
- Liability (financial accounting), a current obligation of an entity arising from past transactions or events
- Accrued liabilities and contingent liability
- Current liability
- Long-term liabilities, liabilities with a future benefit over two months
Other uses
- "Liability", 2017 song by Lorde
- The Liability, 2013 film
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